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    1928 Locust St St St. Louis, MO 63103

    For Lease
    $15 SF/Yr

    Prime CBD location, flexible space available.

    Lot size:
    38,072 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional sublease opportunity presents a rare chance to secure a substantial office space in the heart of St. Louis' Central Business District (CBD). Located at 1928 Locust Street, this Class B building offers a total of 38,072 square feet, spread across two stories. The entire building is currently vacant and available for lease, providing unparalleled flexibility for businesses seeking a significant footprint. The minimum leasable space is 10,000 square feet, while the maximum contiguous space available is the entire 38,072 square feet. This allows for businesses of various sizes to find a suitable fit. The property boasts ample parking with 53 spaces available for tenants and their clients. The building's traditional office layout provides a classic and functional workspace, ideal for a variety of professional uses. Its central location in the vibrant CBD offers easy access to numerous amenities, including restaurants, public transportation, and other key businesses. The zip code is 63103. This is a unique opportunity to establish a strong presence in a prime St. Louis location. The property is categorized as a traditional office building with multiple tenancy options.

    Property Features for 1928 Locust St St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,072 SF
    Class
    B
    Total Rate
    47590

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    38,072 SF
    Rate per SF
    $15
    Space
    Available Space 2
    Size
    10,000 SF
    Rate per SF
    $15

    HighLights

    • Creative office space with high ceilings.
    • 53 underground parking spaces, plus additional secure gated parking and building access.
    • Features an internal staircase and elevator.
    • Located directly adjacent to the St. Louis Police Headquarters.
    • One block from CityPark.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.2078349
    Latitude
    38.6325623

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    FAQs

    What type of property is this?
    Office Property / Space - Prime CBD location, flexible space available.
    Where is this office property / space located?
    The property is located at 1928 Locust St St St. Louis, MO.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Creative office space with high ceilings.; 53 underground parking spaces, plus additional secure gated parking and building access.; Features an internal staircase and elevator.
    Request Owner's contact information
    1928 Locust St St St. Louis, MO 63103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1928 Locust St St St. Louis, MO 63103
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